General Mills, Inc. (NYSE: GIS) is 14.37% higher on its value in year-to-date trading and has touched a low of $60.33 and a high of $75.90 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GIS stock was last observed hovering at around $74.63 in the last trading session, with the day’s loss setting it -0.13%.
Currently trading at $74.50, the stock is 2.80% and 8.33% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.51 million and changing -0.17% at the moment leaves the stock 10.99% off its SMA200. GIS registered 13.14% gain for a year compared to 6-month gain of 9.98%.
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The stock witnessed a 7.92% loss in the last 1 month and extending the period to 3 months gives it a 12.38%, and is -0.44% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.74% over the week and 1.46% over the month.
General Mills, Inc. (GIS) has around 34000 employees, a market worth around $41.47B and $19.86B in sales. Current P/E ratio is 17.30 and Fwd P/E is 15.75. Profit margin for the company is 12.57%. Distance from 52-week low is 23.49% and -1.84% from its 52-week high. The company has generated returns on investments over the last 12 months (11.90%).
The EPS is expected to shrink by -0.33% this year.
General Mills, Inc. (GIS) Top Institutional Holders
2035.0 institutions hold shares in General Mills, Inc. (GIS), with institutional investors hold 80.73% of the company’s shares. The shares outstanding are 559.10M, and float is at 554.43M with Short Float at 2.98%. Institutions hold 80.53% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 67.38 million shares valued at $4.26 billion. The investor’s holdings represent 11.7078% of the GIS Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 54.94 million shares valued at $3.48 billion to account for 9.5469 of the shares outstanding. The other top investors are STATE STREET CORP which holds 30.64 million shares representing 5.3232% and valued at over $1.94 billion, while CAPITAL RESEARCH GLOBAL INVESTORS holds 3.4121 of the shares totaling 19.64 million with a market value of $1.24 billion.
General Mills, Inc. (GIS) Insider Activity
The most recent transaction is an insider sale by Shaffer Werner Lanette, the company’s Chief Innovation Officer. SEC filings show that Shaffer Werner Lanette sold 710 shares of the company’s common stock on May 13 ’24 at a price of $70.57 per share for a total of $50105.0. Following the sale, the insider now owns 17397.0 shares.
General Mills, Inc. disclosed in a document filed with the SEC on Mar 22 ’24 that Nudi Jonathon (Group President) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Mar 22 ’24 and was made at $69.21 per share for $0.69 million. Following the transaction, the insider now directly holds 93381.0 shares of the GIS stock.
Still, SEC filings show that on Feb 22 ’24, MORIKIS JOHN G (Director) disposed off 55 shares at an average price of $65.76 for $3617.0. The insider now directly holds 5,802 shares of General Mills, Inc. (GIS).
